123 N 13Th St Decatur, IN 46733

This exceptional investment opportunity presents a 14,820-square-foot Walgreens pharmacy located at 123 N 13th St, Decatur, IN 46733. The property sits on a 1.6-acre lot and boasts a strong location in a dense retail corridor, situated on a signalized corner with approximately 28,025 vehicles passing daily. Built in 2005, this single-tenant, net-leased (NNN) property offers a secure investment with an investment-grade tenant (S&P: BBB rating) and a remaining lease term of approximately 8 years. The property enjoys 100% occupancy, generating a substantial net operating income (NOI) of $312,900, resulting in an attractive 7.75% cap rate. The asking price is $4,040,000, translating to a price per square foot of $272.60. The property benefits from positive population growth and its proximity to Adams Memorial Hospital within the Fort Wayne metropolitan area. This is a rare opportunity to acquire a stable, high-performing retail asset with a credit-rated tenant and a long-term lease. All financial information is based on current data.